Navigation

Article Search

Attorney Search

Search Articles

Find Attorneys

Can I Rent Out My Condo While Receiving Medicaid Long-Term Care Benefits?

October 6th, 2014

Q

Can I rent out my condo while Medicaid is paying for my long-term health care? I pay a monthly maintenance fee, but have no mortgage. The nursing home already receives my Social Security, Teamster's pension and VA monthly benefit. Will the condo rent be condidered income as well? (I live in Florida.)

A

While I can’t give you a definitive answer about Florida, in most states the answer is yes. You can rent out the condominium and contribute the net rent, after costs of maintaining the property, to your costs of care in the facility. To be sure about Florida, check with their Medicaid agency or a local elder law attorney.

The Law Firm of Evan H. Farr, P.C.

In practice since 1987, Fairfax Attorney Evan Farr is widely recognized as one of the leading Elder Law, Estate Planning, and Specials Needs attorneys in Virginia and one of foremost experts in the Country in the field of Medicaid Asset Protection and related Trusts. Evan Farr has been quoted or cited as an expert by n...

Tell us about your legal issue and we will put you in touch with Evan Farr.

I understand that by contacting a lawyer or a law firm through ElderLawAnswers, I will not create an attorney-client relationship and the message will not necessarily be treated as privileged or confidential.

Daniel N. Steven, LLC

Daniel N. Steven is an attorney licensed in Maryland and the District of Columbia. with many years of experience in complex estate planning and Elder Law. He is rated by Martindale-Hubbell as an AV Preeminent 5.0 out of 5 rated attorney.

Tell us about your legal issue and we will put you in touch with Daniel Steven.

I understand that by contacting a lawyer or a law firm through ElderLawAnswers, I will not create an attorney-client relationship and the message will not necessarily be treated as privileged or confidential.

For Jeffrey Hammond, the practice of Elder Law is personal. Jeff’s many years of experience in law and in business did not prepare him for the crisis he faced in 2005 and 2006 when his father suffered a stroke and both of his parents suffered from dementia and other medical problems. At that time, Jeff began an i...

Tell us about your legal issue and we will put you in touch with Jeffrey Hammond.

I understand that by contacting a lawyer or a law firm through ElderLawAnswers, I will not create an attorney-client relationship and the message will not necessarily be treated as privileged or confidential.